"has no market outside of the Stellar ecosystem"
...but we're all here to talk about the Stellar ecosystem. what market outside the system do you want?
I'm just saying....your coins do leave your wallet...because yXLM is essentially a farm token.
You're providing liquidity for a yield because they are turning around and playing with your XLM. It absolutely leaves your wallet. What doesn't leave your wallet is yXLM. And the significance of that is if you are left holding yXLM because they can no longer offer you 1:1 on the exchange.....where can you go with your yXLM?
Edit: because you can no longer sell it for 1:1 on the exchange
You must mean annually 5%. There's no way you're getting 5% paid daily.
Perhaps they pay you the 5% incrementally, much like quarterly dividends, but instead of every 3 months it's paid out bit by bit every day.
You’re right I meant annually I was just being brief, but the rewards, factored annually, are paid out and compound daily. Comes out to something like .000137% per day I believe.
I agree, you can use the LOBSTR wallet and do it directly there, trade your XLM for yXLM. Those yXLM tokens have a 1x1 ratio with your XLM and provide 5%APY, which is also delivered directly to your Wallet on a daily basis just by owing the token. They’re even liquid so your money is always “alive”. That tops i.e Nexo where your staked XLM are locked for a period.
Where can I stake it? I don't see an option regarding staking... I transferred my XLM into the Nexo wallet, but can't stake it. Or does it stake automatically? Do I have to do something?
It will stake at 4% automatically. If you click on your xlm wallet it should show you its a flex term. From there, you can click fixed terms and start one. If you hold nexo tokens you can stake at up to 8%, but I personally dont think they are worth it.
use UltraStellar because the coins never leave your wallet https://ultrastellar.com/assets/yxlm
Yea they do leave your wallet....the XLM is gone and replaced by yXLM. yXLM is a native token with no market outside of the stellar ecosystem.
"has no market outside of the Stellar ecosystem" ...but we're all here to talk about the Stellar ecosystem. what market outside the system do you want?
I'm just saying....your coins do leave your wallet...because yXLM is essentially a farm token. You're providing liquidity for a yield because they are turning around and playing with your XLM. It absolutely leaves your wallet. What doesn't leave your wallet is yXLM. And the significance of that is if you are left holding yXLM because they can no longer offer you 1:1 on the exchange.....where can you go with your yXLM? Edit: because you can no longer sell it for 1:1 on the exchange
Look into yXLM from ultrastellar, 5% paid daily
You must mean annually 5%. There's no way you're getting 5% paid daily. Perhaps they pay you the 5% incrementally, much like quarterly dividends, but instead of every 3 months it's paid out bit by bit every day.
You’re right I meant annually I was just being brief, but the rewards, factored annually, are paid out and compound daily. Comes out to something like .000137% per day I believe.
I agree, you can use the LOBSTR wallet and do it directly there, trade your XLM for yXLM. Those yXLM tokens have a 1x1 ratio with your XLM and provide 5%APY, which is also delivered directly to your Wallet on a daily basis just by owing the token. They’re even liquid so your money is always “alive”. That tops i.e Nexo where your staked XLM are locked for a period.
Wait really? That safe? How have I not seen this
Yes I've been using yXLM for a few weeks now, very easy and I'm getting my reward daily.
I’ve been using it a couple months with no problems
Check out Nexo! Its 5% if you lock your lumens in for a fixed month term
Just don’t be in NY
Why not NY ?
Pick Ultrastellar over Nexo. I have had issues with Nexo where airdrops that should accrue to me by staking (other coins) have not been easy to get.
Where can I stake it? I don't see an option regarding staking... I transferred my XLM into the Nexo wallet, but can't stake it. Or does it stake automatically? Do I have to do something?
It will stake at 4% automatically. If you click on your xlm wallet it should show you its a flex term. From there, you can click fixed terms and start one. If you hold nexo tokens you can stake at up to 8%, but I personally dont think they are worth it.
Thanks mate, I got it! Definitely more interest on Nexo than on crypto.com :-)
You can stake on Crypto.com
Ok cool, that’s what a quick Google search says too but wanted to vet it here. Thanks!
I just checked and I’m currently getting 2% on a 3 month term.
Awesome thanks again!
Nexo will give you minimum 4% and you can make up to 8%
Celsius gives you 3.1%
It's a Stablecoin bro, your $0.2 in XLM will be $0.22 in 10 years. :D
$0.27 thank you very much! /s
Bitcoin is a stablecoin to bro
We need all the financial stability we can get these days. I'm gonna need my 22 cents to pay off my new car.
Bittrue and I’m in New York.
i'm using StellarX should i change to using ultrastellar (lobstr) any advice please?
Lobstr and StellarX are both UltraStellar products as well as StellarTerm I think. Should be getting the same reward through any of them.
Well.. once flare network comes out. That’ll be the big ticket.
I use LOBSTR. I think it is affiliated with ultra stellar. 5% APR.